Richwood, TX
Population 4,766 · Texas
About Richwood, TX
Richwood is a small community in Texas with a population of 4,766 residents. The median household income is $80,250 per year, which is above the national average. The median age in Richwood is 32.7 years.
Housing in Richwood has a median home value of $230,800 and median monthly rent of $1,215. Of the 2,006 total housing units, the majority are owner-occupied, with 1,110 owner-occupied and 761 renter-occupied units.
The unemployment rate in Richwood is 7.0% and the poverty rate is 4.2%. 23.7% of residents hold a bachelor's degree or higher. The average commute time is 23.9 minutes.
Cost of Living in Richwood, TX
Compared to national averages, Richwood has a median household income of $80,250 (7% above the national median of $75,149). Home values average $230,800, which is 6% below the national median. Monthly rent at $1,215 is 4% above the US average of $1,163. Within Texas, Richwood's income is 10% above the state average of $72,726, and home values are 9% above the state median of $211,769.
Why Live in Richwood, TX?
Richwood offers a strong local economy with a median household income of $80,250, well above the national average, and affordable housing with a median home value of $230,800, below the US average of $244,900, and a low poverty rate of 4.2%, better than the national average. Additionally, the city features short commute times averaging just 23.9 minutes.
Richwood has a population of 4,766 with a median age of 32.7 years. Compare Richwood with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near Richwood
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Carrizo Springs | 4,800 | $36,077 | $67,700 | Compare |
| Morgan's Point Resort | 4,709 | $78,913 | $199,800 | Compare |
| Fabens | 4,704 | $42,524 | $88,900 | Compare |
| Pilot Point | 4,829 | $79,128 | $268,300 | Compare |
| Meadows Place | 4,689 | $92,736 | $256,000 | Compare |
| North Alamo | 4,843 | $53,195 | $82,300 | Compare |
| Lake Worth | 4,667 | $83,869 | $210,700 | Compare |
| Zapata | 4,879 | $37,653 | $104,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Texas
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Richwood
What is the population of Richwood, TX?
The population of Richwood, TX is 4,766 according to the latest Census data.
What is the median household income in Richwood?
The median household income in Richwood, TX is $80,250 per year.
What is the median home value in Richwood?
The median home value in Richwood, TX is $230,800.
What is the average rent in Richwood?
The median monthly rent in Richwood, TX is $1,215.
What is the unemployment rate in Richwood?
The unemployment rate in Richwood, TX is 7.0%.